Telde is a municipality in the eastern on the island of Gran Canaria; the suburb of Las Palmas de Gran Canaria city. It is the second most populated municipality on the island, with a censured population of over hundred thousand in the year 2012. It is located on the province’s main highway, which links with the capital and the superhighway GC1.
In recent years, the main industries have become private businesses and tourism, though until the 1980s agriculture was the dominant industry. The Atlantic Ocean is to the east, farmlands cover the central and eastern area, and the rest of the land is very mountainous. The housing developments of Las Palmas de Gran Canaria were built in the 1960s and were expanded in the 1980s. This expansion resulted in a loss of agricultural land which was replaced by residential, industrial and commercial properties, including hotels and an airport; today Gran Canaria’s International Airport (Gando). The airport is located in the subdivision of Gando, south of Telde.
Telde experimented a huge property boom and expansion with real estate pricing soaring to heights in the peak of Spain’s property boom in 2005 and 2006 with residential land prices touching peak heights, never ever witnessed before in Gran Canaria.